Tuesday, May 28, 2024
Advertisement
  1. You Are At:
  2. News
  3. Business
  4. Multibagger stock: Ater bonus issue, LIC-backed company posts over two fold jump in Q4 earnings

Multibagger stock: Ater bonus issue, LIC-backed company posts over two fold jump in Q4 earnings

The same stood at Rs Rs 5.91 crore as against Rs 1.69 crore reported in the corresponding quarter a year ago.

Edited By: Nitin Kumar @Niitz1 New Delhi Updated on: April 18, 2024 9:03 IST
LIC
Image Source : FILE PHOTO State-owned Life Insurance Corporation (LIC) office.

After bonus shares issuance in January this year, LIC-backed FMCG giant Integra Essentia has reported strong quarterly numbers in the fourth quarter (Q4) that ended on March 31, 2024.

According to an exchange filing, it reported a jump of more than 250 per cent YoY in the net profit in the quarter. The same stood at Rs Rs 5.91 crore as against Rs 1.69 crore reported in the corresponding quarter a year ago.

Integra Essentia - which is engaged in the business of Life Essentials i.e. food, clothing, infrastructure and energy, is backed by state-run Life Insurance Corporation of India. LIC owns more than 1 per cent stake in the company.

The company's total sales in the fourth quarter came in at Rs 277.27 crore as against 241.41 crore in a year ago quarter.

In the FY24, Integra Essentia's net profit more than doubled to Rs 15.28 crore while sales stood at Rs 277.27 crore.

As per BSE data, the smallcap FMCG stock has made its shareholders richer by more than 200 in the last two years and 400 per cent in 3 years.

Advertisement

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from Business

Advertisement
Advertisement
Advertisement
Advertisement